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Shelley Incentivized Testnet Attracted 15K+ Users With 11M+ ADA Staked

Stefan by Stefan
10/02/2020
in Cardano News
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The Shelley Incentivized Testnet (SIT) launched by the Cardano Foundation has progressed quite a lot this year, attracting 15,232 users and staking and delegating over 11.35 billion ADA. Ever since Cardano launched SIT in preparation for the Haskell Testnet, developers and other stakeholders can pilot key functions in a secure test environment and check for errors.

The launch which occurred in December last year and was big in the Cardano news went very well and more than 240 stake pools already formed within the first 48 hours – with over 5.4 billion ADAs being delegated which amounts to almost 17% of the total supply.

Now, we can see that the SIT has more than 15,232 active users and 1046 stake pools which already registered. Of these, around 672 count as active because they delegated at least one ADA.
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In total, around 11.35 billion ADAs have been staked as part of the Shelley Incentivized Testnet (SIT) and delegated accordingly.

What’s very interesting is that the community has been significantly involved in many tests of various bugs and provided valuable feedback to the developers. So, what makes Cardano stand out from the competition is this testnet and the community-driven approach, providing valuable feedback and being enjoyed by all users.

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Speaking of which, a lot of users commented on the entire experience. One of them said:

“I had a smooth learning, I was new to Linux but everything [for setting up a stake pool]went smooth and was fun.”

Meanwhile, the chief of Cardano, Charles Hoskinson, has been featured in the cryptonews for discussing the importance of Cardano and how vital it is for the cryptocurrency to become the most decentralized cryptocurrency in the world as soon as all technical milestones of the roadmap are completed (including the Shelley Incentivized Testnet).

“[…] once completed, we will tend to become the most decentralized cryptocurrency in the world, yet still be able to govern itself, sustain itself, and be able to do with threats internal and external to its existence,” he said.

We can see that this is the main reason on what makes Cardano stand out from the competition – and how the team has shown great development in the last weeks and was able to establish even more new partnerships.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: cardano adacardano new featurescardano newscardano news todaycardano news today featurescardano shelley newscardano shelley news nowshelley incentivized testnet
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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